Marcial: Wal-Mart Rolls Ahead

Despite sharp gains, the retailing giant's shares are a bargain, analysts say, as booming sales overseas power growth

Here's a pleasant surprise for Wal-Mart (WMT) investors: The world's largest retailer is one of this year's few big stock market winners. Even as the Standard & Poor's 500-stock index has fallen by some 12% this year, Wal-Mart has piled up an impressive gain of 25%, to 59 a share— close to its 52-week high of 61. For several years— from 2005 to early 2007—Wal-Mart's stock had dawdled within a narrow range in the 40s and 50s.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.